10000/8000 COP Jan 60 calls over Nov 50 calls went up in 2 blocks on the PHLX
Shares of Conoco Phillips (COP) are up 1.25 to 52.44 today. COP is near the low end of the 52 week range.
- Paper traded 10000/8000 COP Jan 60 calls over Nov 50 calls for .75 and 3.00. ?
- The ADV is 26k contracts.?
- The OI is 13141 in Nov and 11277 in Jan.
The volume went up in 2 blocks on the PHLX marked spread. ?This customer looks like they sold out the Nov 50 calls, probably bought Friday, and rolled up to more volume on the Jan 60 calls.? This is a classic house money roll looking for big upside in COP.? There is substantial OI on Jan too so check the OI to be sure on this one.
- IV 30 is trading 34%.?
- HV10 is trading for 40%.?
- IV 30 is trading below the HV 10.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids.